Sales in the six months to June 30, 2016 slipped 8.1 per cent year over year to €2,761.2 million at producer of nonwovens machinery Andritz Group.
In the first half of 2016, order intake amounted to €2,566.4 million, nearly unchanged from last year's level of €2,580.0 million.Sales in the six months to June 30, 2016 slipped 8.1 per cent year over year to €2,761.2 million at producer of nonwovens machinery Andritz Group. In the first half of 2016, order intake amounted to €2,566.4 million, nearly unchanged from last year's level of €2,580.0 million. According to the company, the order backlog as of June 30, 2016 stood...#
According to the company, the order backlog as of June 30, 2016 stood at €7,076.3 million, down 3.4 per cent when compared as against figures at December 31, 2015.
Despite the decline of sales, EBITA at €183.0 million in the first half of 2016 remained practically at the same level as during the previous year's same period.
As a result, EBITA margin increased to 6.6 per cent in the period under review vis-à-vis 6.2 per cent in the first half of 2015.
Net income, without non-controlling interests grew to €120.2 million, up from €113.9 million the corresponding period of last year. (AR)
Fibre2fashion News Desk - India
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